Three things your clients may call you about this week …

What made financial headlines over the weekend?

clock • 3 min read

Hargreaves 'milking' children; harming the climate with your pension; and pension taper tantrums - here's our weekly heads-up on the financial stories that may have caught your clients' attention over the weekend …

Hargreaves Lansdown milks child savers Hargreaves Lansdown is pocketing "sky-high" fees from child savers, according to this Sunday Times report, which focuses on how the investment giant charges all savers who invest in funds by way of an ISA a fee of 0.45%. The piece acknowledges this drops to 0.25% on savings of £250,000 to £1m and 0.1% on savings above that level but argues that young savers would hardly ever benefit from the lower fees because the maximum they can put away in one year is £4,368. Assuming the limit stays the same and investments grow at 6% a year, the most a young ...

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